Citi Announces New Preemptive Initiatives to Help Homeowners Stay in Their Properties : Initiatives build on and accelerate Citi’s complete loss mitigation efforts, which have prevented around 370,000 foreclosures representing more than $35 billion in loans since early 2007


NEW YORK (PRWEB) November 10, 2008

Launches Citi Homeowner Help system. Starting now, and over the next six months, this program will preemptively reach out to a pick group of 500,000 homeowners whose mortgages Citi holds these home owners are not at present behind on their mortgage payments, but some may possibly call for support to remain existing on their mortgages. This work is anticipated to result in workouts of approximately $ 20 billion in underlying mortgage balances. Citi is focusing specifically on borrowers in places that are most likely to face extreme financial distress. Extends foreclosure moratorium practice. Citi will systematically implement its practice of not initiating a foreclosure or completing a foreclosure sale on any eligible borrower exactly where Citi owns the mortgage, the borrower is looking for to keep in the property which is his/her principal residence, is functioning in great faith with Citi, and has enough earnings for inexpensive mortgage payments. In addition, in order for its efforts to have the broadest possible influence, Citi is functioning diligently with investors to secure their approval to expand the program to consist of mortgages Citi services but does not personal. Citi also lately streamlined its current loan modification system, which is equivalent to the FDIC/IndyMac model, to aggressively rework delinquent loans. This plan uses a simplified formula to decide an reasonably priced payment as a percentage of the borrower’s gross income and then reduces the monthly payment to that

Inman News Announces Innovator Award Finalists Representing the Ideal in Genuine Estate Technologies


Alameda, CA (PRWEB) June 24, 2010

Inman News announces its list for their annual Innovator Awards finalists. The firms and individuals nominated are these that represent the quite best in genuine estate innovation and technology. The Innovator Awards are a properly-respected and time-honored tradition at Real Estate Connect San Francisco.

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Because their inception in 1997, the annual awards have recognized businesses like LendingTree, Coldwell Banker, Sawbuck Realty, Redfin, ActiveRain, vFlyer and Closing.com, and folks like Frank LLosa of Frankly Realty and FranklyMLS.com, Bob Hale of the Houston Association of Realtors, and Mark Lesswing of the National Association of Realtors’ Center for Realtor Technologies.

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The winners of the 2010 Inman News Innovator Awards will be announced in the course of the Genuine Estate Connect conference in San Francisco, which runs from July 13-15 at the Hilton San Francisco Union Square hotel.

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The finalists are grouped into five categories: Brokerage or Franchise, New Technology, Web Service, Blog, Media Web site, with an further person award for Innovator of the Year (finalists for this category are not announced).

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Also, new this year, the awards will recognize a “People’s Selection” innovator, selected by a common vote of Inman News readers from the list of finalists. Anyone who would like to vote may possibly do so at the Innovator Award page on the Inman News site.

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The Innovator Award Finalists Are Listed Here (listed alphabetically by category):

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Brokerage or Franchise:&#13

AtHomes&#13

CondoDomain&#13

Connect Realty&#13

The GoodLife Group&#13

Hawaii Life True Estate Solutions&#13

M Realty&#13

True Estate 1&#13

Style Estate Agents&#13

WaLaw Realty&#13

NeighborCity

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New Technologies:&#13

Greater Houses and Gardens True Estate Property Selection Assistant app&#13

DocuSign ESIGNControl app&#13

NearBuy Real Estate Search app&#13

Realtor.com app&#13

Redfin app&#13

Roost Social True Estate Platform Facebook app&#13

Trulia app&#13

Stroll Score app&#13

Zillow iPad app&#13

ZipRealty HomeScan app

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Net Service:&#13

1000Watt Index&#13

BlueScape Search&#13

Cloud CMA&#13

DsIDXpress&#13

“Locate” search tool, Move Inc.&#13

Follr Enhanced Actual Estate Social Card&#13

Fuzedagent&#13

ListGlobally.com&#13

MLSCloud &#13

NabeWise&#13

Realtor Match &#13

Realtors Home Resource (RPR)&#13

SmartGFE.com

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Blog:&#13

1000Watt weblog &#13

Weblog By The Bay &#13

Blue Matter&#13

Bubbleinfo.com &#13

Property Equity &#13

Immobilier two. &#13

Maintaining Current Matters &#13

True Estate Relativity &#13

Tech Savvy Agent &#13

Urban Trekker &#13

Vendor Alley

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Media Internet site:&#13

BlockShopper &#13

HouseLogic &#13

Housing Watch &#13

HousingWire&#13

That Interview Guy &#13

New York Occasions True Estate &#13

Planetizen &#13

ProPublica Eye on Loan Modifications &#13

RE Technology Inc. &#13

Actual Estate Channel

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Any individual who would like to vote, may do so at the Innovator Award web page on the Inman News web site.

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To obtain a free press pass or for extra information, contact Katie Lance, Marketing and advertising Manager at katie(at)inman(dot)com

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About Inman News | Inman News (http://www.inman.com) is the major supply of independent actual estate news, data, tips, analysis, technologies, opinion and commentary for industry professionals and buyers alike. Inman’s unbiased and hard-hitting stories are known all through the actual estate industry. Agents and brokers globally trust Inman News as their very first source of correct, innovative and timely day-to-day true estate news. For far more info, go to http://www.inman.com.

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For over 14 years, Inman News has been hosting Real Estate Connect. Genuine Estate Connect San Francisco, a semi-annual real estate conference for actual estate agents, leading brokers, mortgage specialists, technology business CEOs, directors and managers, entrepreneurs, press, analysts and investors from throughout the U.S. and about the globe, will be held this year on July 13 – 15, 2010, at a brand new place, the Hilton San Francisco Union Square.

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